Help me grow my hotel reservation business!
Kipkoech
Embakasi, Kenya
100% repaid
Entrepreneur
Name
Kipkoech
Member since
May 2014
On-time repayments
164 installments • 52%
About Me
My name is Muttai Kipkoech and I live in Embakasi, Nairobi. My hometown is Eldoret, Kenya. I am married with two children. My career course is Tours and Travel Management. I also have a passion for foreign languages and can speak French. Currently, I am the Managing Director of The Big Five Adventure Safaris. I worked as a Tour Consultant at a tour company in Nairobi for a year before I decided to start my own tour company. I have always believed that I could do much more self-employed rather than employed. This way I hope to eventually help others through employment opportunities! Someone once said; ‘You will never be rich working for someone else!’ Thus the reason I quit my job to start my own company and do business.
My Business
I am venturing into the business of clothing. My business, Tracque Suits, will specialize in men's fashion, particularly slim-fit suits. I have done a market research in my home-town Eldoret and realized that a few clothing shops specialize in men's slim-fit suits which are now fashionable and in demand as they are the preferred official dressing during functions like weddings. I therefore see a business opportunity in selling men's slim-fit suits and accessories since I will buy them at a wholesale price in Nairobi and sell them at retail price in Eldoret at a profit. The initial costs are the starting capital to buy the stock and pay rent. I intend to use the profits to reinvest and grow my clothing business.
Loan Proposal
First of all, I would like to pass my sincere gratitude to the lenders who funded my first loan. The loan greatly helped me supplement my initial capital for my business. I used my $50 first loan to add to my initial capital for my hotel reservation business. I managed to repay my first loan in full on time.
The business is now doing well and we are receiving more clients. However, since it is a new business, it is very important that we let ourselves and our services known to potential clients. I am therefore planning to do a lot of marketing for my business. I intend to use my second loan to design and print a business logo, brochures and business cards. Since marketing is a very essential aspect of any business, we hope to reach a larger number of clients through this marketing strategy.
I am therefore appealing for your support in funding my $139 second loan. With this loan, I intend to invest it in marketing the business as follows; $30 for designing the logo, the brochures and the business cards, $109 for printing the brochures, business cards and online internet marketing. I believe that no dream is too big, and no step is too small. I therefore believe that with your help, I will grow my business gradually. Thank you!
Feedback
Positive
4
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$139.00
Date disbursed
Jul 2, 2014
Repayment status
On Time
Projected term
4 months
Other loans
Lenders
Republic of Korea
Ask Kipkoech a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.
Loading...